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Category: economics – Page 61

China’s AI Implementation Is Edging Ahead Of The US

As Kaifu Lee, a keen observer of AI development in China has put it, “we’re now in the age of AI implementation.” While the West, the U.S. and Canada in particular, will remain ahead in AI research, those Western advances are quickly adopted in China where the massive market, a surfeit of young engineers, government support and a cutthroat entrepreneurial culture are driving industrial innovation in AI.

“The digital and real economies are accelerating their integration,” said Baidu’s Chief Technology Officer, Haifeng Wang, who is also Head of Baidu Research.

China’s 14th Five-Year Plan and Vision 2030 both place a strong focus on the development of the digital economy, seeing this sector as a source of tremendous untapped innovative power and space for growth.

BMC, research in progress

A pioneer of open access publishing, BMC has an evolving portfolio of high quality peer-reviewed journals including broad interest titles such as BMC Biology and BMC Medicine, specialist journals such as Malaria Journal and Microbiome, and the BMC Series.

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Artificial intelligence and the circular economy will dictate design in 2023

Designers including Philippe Starck and Titi Ogufere share their predictions for 2023’s major design trends, from the continued rise of AI to how inflation could impact the industry.

To mark the start of 2023, Dezeen asked 10 designers and industry experts to share the materials, technologies and influences that they think are set to dominate design trends this year.

12 Graphs That Explain the State of AI in 2022

Every year, the Stanford Institute for Human-Centered Artificial Intelligence (HAI) puts out its AI Index, a massive compendium of data and graphs that tries to sum up the current state of artificial intelligence. The 2022 AI Index, which came out this week, is as impressive as ever, with 190 pages covering R&D, technical performance, ethics, policy, education, and the economy. I’ve done you a favor by reading every page of the report and plucking out 12 charts that capture the state of play.

It’s worth noting that many of the trends I reported from last year’s 2021 index still hold. For example, we are still living in a golden AI summer with ever-increasing publications, the AI job market is still global, and there’s still a disconcerting gap between corporate recognition of AI risks and attempts to mitigate said risks. Rather than repeat those points here, we refer you to last year’s coverage.

Musk, Bezos and other tech billionaires lost over $500 billion of wealth in 2022

Will 2023 shrink their fortunes further?

The world’s top tech billionaires have lost a combined $575 billion of their personal fortunes as the stock price of the companies they have founded have dropped significantly in 2022, Business Insider.

Even as millions in the U.S. lost their jobs, already rich tech billionaires added a combined $2.

1, 2

2021 was a great year for technology companies. As the world economy came to a grinding halt, growth for technology companies continued unabated and even increased as many businesses were forced to adopt technology products to keep their workforce connected and working.

Mojo Vision puts contact lens production ‘on hold’ as it lays off 75% of staff

We’ve met with Mojo Vision for several CESes, watching the startup’s AR contact lenses develop, year by year. These sorts of things take a lot of time and money, of course — and these days it seems increasingly difficult to find either. Today, the California-based firm announced that it is “decelerating” work on the Mojo Lens, citing, “significant challenges in raising capital.”

In an announcement posted to it site, CEO Drew Perkins blames insurmountable headwinds, including the bad economy and the “yet-to-be proven market potential for advanced AR products” in its ability to raise the necessary funding required to keep the project afloat.

“Although we haven’t had the chance yet to see it ship and to reach its full potential in the marketplace, we have proven that what was once considered science fiction can be developed into a technical reality,” Perkins writes. “Even though the pursuit of our vision for Invisible Computing is on hold for now, we strongly believe that there will be a future market for Mojo Lens and expect to accelerate it when the time is right.”

Game changer: World’s first cow-dung-powered tractor is here

During its pilot run, carbon emissions were slashed from 2,500 to 500 metric tons.

A British company has created a pioneering tractor that could be a game changer in the green energy-striving agricultural industry.

“The T7 liquid methane-fuelled tractor is a genuine world-first and another step towards decarbonizing the global agricultural industry and realizing a circular economy,” said Chris Mann, co-founder of Bennamann, a company that deals with methane energy products.

CNH Industrial.

The ground-breaking cow-dung powered 270 horsepower tractor is said to perform on par with counterparts driven by normal diesel engines, according to multiple media reports on Friday.

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